NEOS Boosted S&P 500 High Income ETF

The NEOS Boosted S&P 500 High Income ETF is an exchange-traded fund launched in late January 2026 by NEOS Investments, designed to generate high monthly income in a tax-efficient manner while seeking enhanced equity appreciation in rising markets. It builds on the strategies of the NEOS S&P 500 High Income ETF by targeting up to 150% notional exposure to the S&P 500 Index through a portfolio of stocks replicating the index, combined with sophisticated options overlays. Boosted exposure is achieved by buying index call options and selling index put options at similar strike prices, synthetically amplifying upside and downside participation. Additional income is derived from a data-driven call option strategy, laddering out-of-the-money calls and writing covered calls, aiming for an aspirational annualized distribution rate of 15-18% after fees. Tax efficiency stems from Section 1256 index options, taxed at favorable 60/40 rates, and frequent return of capital classifications—recently estimated at 97%. With a gross expense ratio of 0.98%, the ETF caters to income-seeking investors desiring amplified S&P 500 participation amid varying market conditions, leveraging NEOS's options expertise for lower correlation to traditional risks like credit and inflation.